US 401(k) proposal leaves door open to altcoins, but hurdles remain
While the proposal doesn't exclude altcoins and smaller cryptocurrencies, experts say they could face challenges getting into retirement plans.
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While the proposal doesn't exclude altcoins and smaller cryptocurrencies, experts say they could face challenges getting into retirement plans.
"I don't expect my marginal tax rate to be materially different in the future."
"I expect to have several years before I take distributions from my 401(k) account."
"I plan to start collecting my Social Security of $4,100 at 68."
"While I recognize this is a first-world problem - a high earner, still working in my 70s, fretting over less than $10,000 in taxes - I am frustrated."
"I am frustrated. My careful planning was derailed by my company's unexpected bankruptcy and plan transition."
The problem with crises like this is that stocks and bonds can both fail.
The same financial habits that pushed the number of 401(k) millionaires to new highs should help retirement savers through the current global uncertainty
"I plan to be debt-free in less than two years."
"I'm 61 years old, single and still have a job."
Retail investors don't welcome the prospect of a prolonged trade war, but don't freak out when you check your 401(k).
The stakes seem higher this time around, but the playbook is eerily similar.